BANK OF AMERICA CORP /DE/ · 2026-10-19 · Importance 17 · Surprise 24
Bank of America analysts continue to forecast a Federal Reserve interest-rate hike at the October 28, 2026 meeting. Markets were pricing only a 20% probability of a hike as of October 19. BofA said September inflation strengthened the case for an October increase, implying continued sensitivity to inflation and monetary-policy developments.
Key facts
BofA noted the market is currently pricing a 20% chance that the central bank will raise rates. source
BofA analysts said they still see a strong case for the Federal Reserve to hike rates in October and the Federal Reserve's next interest rate decision is scheduled for Wednesday, October 28. source